GE eyes sale of €2B Nordic finance unit

General Electric (GE) is considering selling its GE Money Bank unit in the Nordic region, which could bring in up to €2B ($2.75B), Reuters reports.

The sale of the subsidiary, which is part of GE Capital, would be part of the conglomerate's strategy to change its earnings mix so that it generates 70% from the industrial sector and 30% from the financial sector.

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Comments (5)
  • U2A Ventures
    , contributor
    Comments (365) | Send Message
    31 Mar 2014, 10:03 AM Reply Like
  • db313706
    , contributor
    Comments (223) | Send Message
    Let the de-leveraging continue, by all means. I can understand if a ton of people were burned by them in the not-too-distant past, but they are shifting tons of weight around that place to prevent repeating the past. Keep it up.
    31 Mar 2014, 10:06 AM Reply Like
  • mydogmoe
    , contributor
    Comments (1438) | Send Message
    Reducing GE's exposure to finance to 30% or less is nothing but a positive move for the company...
    31 Mar 2014, 02:59 PM Reply Like
  • kadison
    , contributor
    Comments (329) | Send Message
    Selling profitable businesses means less profits for GE
    31 Mar 2014, 04:25 PM Reply Like
  • chongkim74
    , contributor
    Comments (1718) | Send Message
    Nordic was a let-down. Good rids.
    1 Apr 2014, 08:43 PM Reply Like
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